It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
Answer:
unknown, because the cost of the sandwich, a drink and a bag of chips where not listed in the question
Answer:
Step-by-step explanation:
we know that
The <u><em>Triangle Inequality Theorem</em></u> states that the sum of any 2 sides of a triangle must be greater than the measure of the third side
so
Applying the Triangle Inequality Theorem
1) 
solve for n
Rewrite
2) 
therefore
EDF and GHL are similar. The scale factor is 1/2.
